Panama - Table, Kitchen Or Household Articles Of Cast Iron - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cast Iron Household Articles in Panama - 2023
Contents:
- Price for Cast Iron Household Articles in Panama (CIF) - 2022
- Price for Cast Iron Household Articles in Panama (FOB) - 2022
- Imports of Cast Iron Household Articles in Panama
- Exports of Cast Iron Household Articles in Panama
Price for Cast Iron Household Articles in Panama (CIF) - 2022
In 2022, the average cast iron household articles import price amounted to $5,685 per ton, with an increase of 11% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 22%. The import price peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($7,957 per ton), while the price for China ($3,843 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cast Iron Household Articles in Panama (FOB) - 2022
In 2022, the average cast iron household articles export price amounted to $2,400 per ton, falling by -28.9% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cast iron household articles export price increased by +8.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 89%. Over the period under review, the average export prices hit record highs at $3,571 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guyana ($4,405 per ton), while the average price for exports to Nigeria ($870 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+17.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cast Iron Household Articles in Panama
For the third year in a row, Panama recorded decline in purchases abroad of table, kitchen or household articles of cast iron, which decreased by -53.9% to 80 tons in 2022. In general, imports continue to indicate a dramatic setback. The smallest decline of -27.8% was in 2020.
In value terms, cast iron household articles imports declined dramatically to $456K in 2022. Overall, imports saw a precipitous curtailment. The smallest decline of -24.7% was in 2020.
| Import of Cast Iron Household Articles in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 116 | 195 | 164 | 174 | 14.5% |
| China | 1,168 | 772 | 337 | 119 | -53.3% |
| United States | 278 | 194 | 307 | 83.0 | -33.2% |
| Spain | 21.3 | 32.3 | 53.9 | 27.1 | 8.4% |
| India | 72.3 | 81.0 | 0.1 | N/A | -96.3% |
| Others | 163 | 96.1 | 28.0 | 52.7 | -31.4% |
| Total | 1,818 | 1,370 | 890 | 456 | -36.9% |
Top Suppliers of Cast Iron Household Articles to Panama in 2022:
- China (30.9 tons)
- Free Zones (24.8 tons)
- United States (16.0 tons)
- Spain (3.4 tons)
Exports of Cast Iron Household Articles in Panama
In 2022, approx. 37 tons of table, kitchen or household articles of cast iron were exported from Panama; increasing by 25% compared with the previous year. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 67% against the previous year. As a result, the exports reached the peak of 60 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cast iron household articles exports fell to $88K in 2022. Overall, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 7.9% against the previous year. As a result, the exports attained the peak of $132K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cast Iron Household Articles in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guyana | 23.6 | 34.3 | 36.2 | 29.9 | 8.2% |
| Dominican Republic | 0.5 | 1.1 | 5.2 | 14.2 | 205.1% |
| Costa Rica | 12.7 | 9.6 | 16.8 | 12.0 | -1.9% |
| Barbados | N/A | 0.4 | 0.2 | 7.1 | 321.3% |
| Nigeria | 7.4 | 33.3 | N/A | 6.3 | -5.2% |
| Trinidad and Tobago | 0.3 | 0.6 | 1.2 | 4.2 | 141.0% |
| Ecuador | 0.2 | N/A | N/A | 3.4 | 157.1% |
| Guatemala | 73.0 | 51.3 | 37.4 | N/A | -28.4% |
| Others | 4.8 | 1.7 | 2.0 | 10.6 | 30.2% |
| Total | 123 | 132 | 99.1 | 87.8 | -10.6% |
Top Export Markets for Cast Iron Household Articles from Panama in 2022:
- Costa Rica (9.7 tons)
- Nigeria (7.3 tons)
- Guyana (6.8 tons)
- Dominican Republic (5.2 tons)
- Ecuador (3.0 tons)
- Barbados (1.8 tons)
- Trinidad and Tobago (1.5 tons)
This report provides an in-depth analysis of the market for cast iron household articles in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25991217 - Table, kitchen or household articles... of cast iron
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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